Latest news with #MPBC
The Sun
4 hours ago
- Business
- The Sun
Malaysia-Pakistan Business Council boosts ties with 250 members
KUALA LUMPUR: The Malaysia-Pakistan Business Council (MPBC) brought together more than 250 members and key Malaysian government agencies to enhance economic collaboration between the two nations. MPBC Acting Chairman Usman Ahmed highlighted the formation of the Malaysia-Pakistan Joint Chamber of Commerce and Industry as a major step forward. The chamber, officially endorsed by both governments, will alternate leadership between Malaysian and Pakistani representatives. 'A legally recognised joint chamber is essential for fostering genuine trade and investment growth,' Ahmed said at the MPBC Networking Reception and Dinner. Attendees included representatives from the Malaysian Investment Development Authority (MIDA), the Ministry of Investment, Trade and Industry (MITI), and the Malaysia External Trade Development Corporation (Matrade). Since its founding in 2013, MPBC has worked to strengthen bilateral trade, tourism, and investment. Ahmed, who also leads Gamalux Oils Sdn Bhd, noted the council's efforts to improve governance, visibility, and trade engagement. 'By 2030, we aim to solidify economic ties through structured trade facilitation and policy advocacy,' he added. Pakistan's High Commissioner to Malaysia, Syed Ahsan Raza Shah, praised MPBC's role in trade missions and business delegations. He emphasized Pakistan's competitive exports, including rice and textiles, and highlighted successful Malaysian ventures like FGV Holdings Bhd in Pakistan. Malaysia-Pakistan bilateral trade hit US$1.5 billion in 2023, with Malaysia exporting palm oil and electronics while importing Pakistani rice and petroleum.
Barnama
13 hours ago
- Business
- Barnama
MPBC Gathers Over 250 Members To Boost Malaysia–Pakistan Ties
BUSINESS Prime Minister Datuk Seri Anwar Ibrahim's upcoming working visit to Pakistan will go a long way in generating momentum to further enhance political and diplomatic relations between the two countries. Briefing the local media on the Malaysian Prime Minister's working visit to Islamabad next week, Pakistan High Commissioner to Malaysia Syed Ahsan Raza Shah said, Anwar's visit to the South Asian country beginning on Monday (Oct 2) until Wednesday (Oct 4) would also boost cultural and economic ties between Malaysia and Pakistan. -- fotoBERNAMA (2024) COPYRIGHT RESERVED KUALA LUMPUR, June 24 (Bernama) -- More than 250 members of the Malaysia–Pakistan Business Council (MPBC) gathered alongside Malaysian government agencies to foster trade and investment between the two countries. MPBC acting chairman Usman Ahmed said the key initiative to drive this agenda is the establishment of the Malaysia–Pakistan Joint Chamber of Commerce and Industry, formally recognised by both governments. 'Our aim has always been to have a joint chamber of commerce between Malaysia and Pakistan—legally recognised by both governments and authorised to operate in both countries. 'The chairmanship will rotate, alternating between representatives from Pakistan and Malaysia. This is the only way to truly foster trade and investment between the two countries,' he told Bernama at the MPBC Networking Reception and Dinner, today. Among the Malaysian government agencies present were the Malaysian Investment Development Authority (MIDA), the Ministry of Investment, Trade and Industry (MITI), and the Malaysia External Trade Development Corporation (Matrade). Established in 2013, MPBC promotes bilateral trade, tourism and investment between Malaysia and Pakistan. Usman, who is also the chief executive officer of Gamalux Oils Sdn Bhd, said MPBC has taken proactive steps to reposition itself as a key trade facilitator between the two countries. 'The council's recent meetings and discussions highlight an urgent need to streamline governance, enhance visibility, improve trade engagement, and establish sustainable institutional practices,' he said. He added that beyond 2025, the council aims to strengthen Malaysia–Pakistan economic ties through structured trade facilitation, diaspora engagement, policy advocacy and strategic institutional reform by 2030.
